Equinox Gold Corp. (NYSEAMERICAN:EQX) Shares Sold by Virtu Financial LLC

Virtu Financial LLC cut its stake in Equinox Gold Corp. (NYSEAMERICAN:EQX - Free Report) by 62.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,650 shares of the company's stock after selling 37,738 shares during the period. Virtu Financial LLC's holdings in Equinox Gold were worth $114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new position in Equinox Gold in the 3rd quarter valued at about $43,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Equinox Gold during the 4th quarter valued at approximately $50,000. Kiker Wealth Management LLC purchased a new stake in shares of Equinox Gold during the 4th quarter valued at approximately $58,000. Synovus Financial Corp acquired a new position in Equinox Gold in the third quarter valued at approximately $61,000. Finally, Choreo LLC purchased a new position in Equinox Gold in the fourth quarter worth approximately $63,000. Institutional investors and hedge funds own 38.85% of the company's stock.

Equinox Gold Trading Down 0.6 %

EQX stock traded down $0.04 during trading on Thursday, hitting $6.56. 14,839,051 shares of the company's stock were exchanged, compared to its average volume of 4,890,816. The firm's 50-day moving average price is $6.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.33. The firm has a market capitalization of $2.99 billion, a PE ratio of 12.15 and a beta of 1.33. Equinox Gold Corp. has a 52-week low of $4.48 and a 52-week high of $7.24.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EQX. National Bank Financial upgraded shares of Equinox Gold to a "strong-buy" rating in a report on Friday, March 21st. TD Securities upgraded shares of Equinox Gold to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen began coverage on shares of Equinox Gold in a report on Tuesday, February 4th. They issued a "hold" rating and a $35.00 price objective on the stock.

About Equinox Gold

Equinox Gold Corp. engages in the exploration, acquisition, development, and operation of mineral properties in the Americas. It explores gold and silver deposits. It holds interest in properties in California located in the United States; Guerrero State located in Mexico; Maranhão, Bahia, and Mina Gerais state located in Brazil; and Ontario, Canada.